hong kong

Asian shares dip on geopolitical tensions, oil up 1%   -8%

Analysts have said investor sentiment was fragile with civil unrest in Hong Kong, tensions in the Middle East and worries over whether the United States and China would sign a trade deal soon. Moves were further exaggerated by low volumes as Japanese markets were shut for a public holiday.

The U.S. Is About to Do Something Big on Hong Kong   3%

Hong Kong’s pro-democracy protest movement, the David to China’s Goliath, is calling out to the land of the free for help—and help may be on the way. The question is whether it will be substantial enough and fast enough, and have the support of the president of the United States.

For months now, a small but zealous contingent of American flag-waving protesters has been a fixture of the huge demonstrations in Hong Kong, including today, when dozens of people again carried the U.S. flag during a rally held in defiance of a police ban. As the struggle to resist China’s tightening grip on the semiautonomous region has intensified, protesters have appealed to the United States in larger numbers and with greater urgency. Last weekend, tens of thousands of protesters marched near the U.S. consulate in the territory, singing “The Star-Spangled Banner” and carrying signs that urged President Donald Trump to “liberate Hong Kong.” Perhaps more realistically, they also issued a practical plea: for Congress to pass the Hong Kong Human Rights and Democracy Act, which would grant the United States further means to defend the territory’s freedoms and autonomy.

Faced with Trump’s scattershot approach to the ferment in Hong Kong, which doesn’t rank as a high-priority issue for his administration, activists are placing their faith in legislation that ultimately will only be as effective as the executive branch’s willingness to implement it.

Nevertheless, Republican Senator Marco Rubio, one of the sponsors of the bill in the Senate, is optimistic that the U.S. government will deliver on its promise. That scene near the consulate a week ago was a vivid reminder that America is still a potent “symbol of democracy and freedom” around the world, he told The Atlantic. The protesters “see a country where people vehemently disagree on public policy and say horrible things about each other, but no one goes to jail for it,” he noted.

By contrast, this past week, Hong Kong police announced that they’ve arrested nearly 1,400 people between the ages of 12 and 76 since the protests erupted this spring over proposed legislation that would have enabled suspected criminals to be extradited to the lawless judicial jungle of mainland China. Carrie Lam, the Beijing-appointed chief executive of Hong Kong, has since pledged to withdraw the law—an astounding victory for leaderless protesters going up against a powerful authoritarian state, but one that has yet to placate activists.

[Read: Hong Kong shows the flaws in China’s zero-sum worldview]

Rubio said he expects the Hong Kong Human Rights and Democracy Act to easily pass in Congress and be signed into law by the president. The legislation, which has bipartisan support in the Senate and the House of Representatives, has emerged as the primary vehicle through which the U.S. government is hoping to deter China from carrying out a Tiananmen Square–like crackdown against peaceful protesters and pressure it into upholding the city’s special status within China. (So far Senate Majority Leader Mitch McConnell, whose wife’s family has extensive business dealings in China, hasn’t specifically endorsed the legislation, even as he’s advocated for legislative measures to preserve Hong Kong’s autonomy. A spokesperson for Rubio, speaking on the condition of anonymity to discuss deliberations in the Senate, said the senator’s office did not view McConnell’s failure to reference the act in a recent op-ed on Hong Kong as a slight.)

Among other things, the bill would require the secretary of state to annually certify to Congress that Hong Kong, which operates its own immigration system, judiciary, and currency, is sufficiently autonomous to maintain the favorable treatment on trade and commerce that it receives from the United States. (Hong Kong, for example, isn’t subject to Trump’s tariffs on the rest of China.) It would also empower the U.S. government to impose sanctions on Chinese or Hong Kong officials deemed to be undermining that autonomy or committing human-rights abuses.

In theory, this would equip the United States with plenty of economic and diplomatic leverage to influence Chinese behavior, but in practice it would be difficult to execute. For one thing, America’s legislative machinery moves at a slower pace than the Hong Kong protests, which threaten to come to a head in a few weeks when China marks the 70th anniversary of its founding. Rubio said he could envision the Senate passing the act, perhaps by unanimous consent, in mid-October when it returns from a break, and the House passing its version in short order as well. That’s fast by congressional standards, but the Chinese and Hong Kong authorities could in the meantime take any number of actions—including measures short of a large-scale military clampdown, such as declaring a state of emergency. It’s unclear how the U.S. would respond if that were to happen.

There’s also the distinct chance that the campaign in Washington could go the way of other recent issues, such as punitive measures against Russia and Saudi Arabia, that also had strong bipartisan backing in Congress only to be hollowed out when they reached the executive branch.

Rubio said he has personally spoken with Trump about the bill and has not encountered resistance. “The White House has indicated that they would sign it,” he noted.

Yet as Trump’s former consul general to Hong Kong and Macau has observed, Hong Kong is a “second-tier” matter in the administration relative to, say, trade with China and addressing the nuclear threats from North Korea and Iran. Trump has mostly been silent on Hong Kong. When he has mentioned it, he has explicitly linked the issues of trade and Hong Kong (even as his advisers dismiss any connection), warning the Chinese government that violent suppression of the protests would jeopardize trade talks and arguing that this threat is precisely what has restrained Beijing so far. At times Trump has appeared to take China’s side, such as when he described the demonstrations as “riots.” Occasionally he has said he’s in favor of Hong Kong’s freedom. More often he’s suggested that the Chinese leader, Xi Jinping, meet with protesters, an idea Xi hasn’t shown the faintest indication of entertaining.

Rubio said he didn’t believe Trump would veto the legislation to placate the Chinese as trade talks resume, noting that he thinks the bill will pass with a veto-proof majority. (The Trump administration has made such moves in the past, such as when it reportedly postponed a tough speech on China by Vice President Mike Pence ahead of trade talks between Trump and Xi at the G20 summit in June.)

“I think the bigger concern is in its implementation,” Rubio said. “You can pass the bill, but it still requires the administration to implement it. It still requires them to conduct the annual review and it still requires them to impose sanctions on individuals, for example, police officials responsible for repression. They could theoretically sign the bill—them or a future administration —and yet not implement it.”

Rubio added that he has made the argument to Trump “that if the Chinese are prepared to break the commitments they made on Hong Kong [as part of a 1984 agreement with Britain on transferring control of the territory to China], how could we trust them to keep any commitments they make on trade or any other matter?”

[Read: Hong Kong’s protests have cemented its identity]

In Hong Kong, meanwhile, the bill is being championed by pro-democracy lawmakers and activists who have recently made trips to Washington to lobby for its passage, angering both pro-establishment figures in the territory and officials in Beijing.

China’s oversight of Hong Kong has taken a “serious deviation from the original intent of ‘one country, two systems,’” Dennis Kwok, a member of the city’s Legislative Council, told The Atlantic, referring to the framework under which Hong Kong has operated since 1997, when the territory was handed back to China. In August, Kwok and other Hong Kong lawmakers traveled to meet with U.S. counterparts in Montana, where the nonprofit that organized the delegation has an office.

The Chinese government, Kwok charged, wants to have it “both ways,” exerting ever-increasing control over Hong Kong while still benefiting economically from the unique status afforded to the city by the United States under a 1992 law known as the Hong Kong Policy Act. While Hong Kongers don’t want the act to be scrapped at the moment, if “suppression of human rights and democracy is a persistent factor, then why should people treat Hong Kong differently?” he asked.

Kwok said he understood that the American legislative process is “far from simple,” but was heartened by what he heard during his U.S. tour, which included meetings with officials from Senate Minority Leader Chuck Schumer’s office in New York and an address to the Oregon Republican Party convention in the small city of Pendleton. Across this eclectic set of interactions, Kwok said, there was a uniform message that people want to see Hong Kong “continue to be an open, successful, prosperous, international city, but they are worried about the stuff that is going on here.”

Another pro-democracy lawmaker, James To, went to Washington in May. His schedule freed up unexpectedly, he joked, because he was ousted by a pro-Beijing faction from his position overseeing the Legislative Council’s bill committee. He met with House Speaker Nancy Pelosi and Secretary of State Mike Pompeo, and returned to the United States last month with Kwok. The message he hoped to convey to U.S. officials is blunt: The “Hong Kong people are in a very dangerous situation,” he told The Atlantic. (Rubio said his office speaks with Hong Kong activists “all the time” to hear “what they think we can do to be most impactful and effective at supporting them.” He might meet with the prominent activist Joshua Wong during Wong’s upcoming trip to the United States.)

The stream of visitors to Washington and the way they’ve been received has irked Hong Kong’s pro-Beijing camp. Regina Ip, a pro-Beijing lawmaker and a member of Lam’s cabinet who also made the recent trip to Montana, was frustrated with what she saw as a new tactic by government critics to draw on overseas support. “This time there is really high-profile involvement of U.S. officials,” she said in an interview before Lam withdrew the extradition bill. “I won’t use the word interference because I don’t have hard evidence, but definitely the pressure on us is much greater.”

[Read: A defining moment for Trump’s foreign policy]

The domestic and international push for passage of the Human Rights and Democracy Act has only deepened this sentiment. Lam has said that the U.S. Congress should not be allowed to become "a stakeholder” in Hong Kong’s affairs and warned people not to lobby for the legislation. Officials in Beijing have spoken with even more force and a conspiratorial tone about covert U.S. meddling, demanding that the United States withdraw its “black hands” from Hong Kong while blaming U.S. politicians for pushing protesters to be “reckless” and “beautifying the violent criminal offenses as [a] fight for human rights and freedom.”

Kwok, the pro-democracy lawmaker, dismissed Lam’s comments as “standard communist rhetoric.” Lam must understand that “Hong Kong works because it is an international city ... That means everyone, especially Western nations, have a stake in Hong Kong,” he said.

As Rubio sees it, the stakes are towering. The Chinese Communist Party considers Hong Kong “the front line of its battle against Western liberal democracies,” he said, and the United States needs to confront the authoritarian model China is promoting if it wishes to avoid becoming “an island surrounded by nations that have left the democratic order.” He acknowledged that the Chinese government may so value Hong Kong that it is prepared to assert authority over it at great expense, but argued that it’s still incumbent upon the United States to clarify what those costs will be. “The fact that we can’t ultimately control the outcome [in Hong Kong] entirely should not prevent us from doing something,” he maintained.

Rubio said that a red line for Congress would be a violent crackdown by Chinese forces on the protests or a loss of Hong Kong’s autonomy, which he described as already “tenuous.”

Asked whether he has a sense of the White House’s red line on Hong Kong, he responded, “No, I don’t.”

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* World's 2nd-largest 2019 IPO provides big boost for Hong Kong (Adds deal details, Hong Kong context)

UPDATE 1-Hillhouse-backed Topsports launches up to $1.2 bln Hong Kong IPO -term sheet  

* Price range represents a valuation of up to $8 billion (Adds IPO details, Hong Kong markets context)

Hong Kong diners offered protest-inspired 'eyeball' mocktails and 'tear gas' eggs   5%

Pro-democracy protests that have roiled Hong Kong for more than three months are providing culinary inspiration for a restaurant that offers a themed menu with spicy wasabi-spiked "tear gas" eggs and...

Stand up to Beijing, Hong Kong singer tells U.S. lawmakers, companies   10%

Hong Kong singer and activist Denise Ho wants U.S. lawmakers and companies to criticize Beijing's actions in Hong Kong, to help change the Chinese Communist Party's behavior.

Amnesty calls on Hong Kong to investigate police action in protests   15%

Amnesty International on Tuesday urged the Hong Kong government to investigate police use of force during nearly four months of protests, and to encourage Beijing to safeguard protesters' right to peaceful assembly.

Hong Kong leader hopes peaceful, rational dialogue can help solve crisis   18%

Hong Kong leader Carrie Lam hopes peaceful and rational dialogue will help find a way out of the protests gripping the former British colony, she said on Tuesday, as she prepares to engage with members of the community this week.

Factbox: What's next for Hong Kong's protest movement   6%

Global media coverage of petrol bombs, tear gas and street clashes in Hong Kong days before China wants to celebrate the 70th anniversary of the founding of the People's Republic of China present Beijing with a major PR challenge.

Hong Kong protests: PR firms refuse to help restore citys image   6%

'The time will come for us to launch a major campaign to restore some of the damage done to Hong Kong's reputation,' says Carrie Lam

Best photos of the weekend: Nomad Games and Oktoberfest  

The Guardian’s picture editors select photo highlights from around the world, from Hong Kong protests to car-free London and Hanoi Pride

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'Never surrender': Hong Kong's protest graffiti in pictures   21%

It has been more than 100 days since anti-government protesters took to the streets of Hong Kong, calling for the complete withdrawal of a controversial extradition bill, an independent inquiry into police brutality, the retraction of the word ‘riot’ to describe the rallies, and genuine universal suffrage. Even though the Hong Kong government formally withdrew the controversial bill this month, many protesters have vowed to continue the fight until all their demands are met. Expressing their opinions on the streets, many young protesters have left their imprints on the roads, walls and buildings by spray-painting slogans and symbols that resonate with their discontent against the government

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Germany's Heiko Maas vows to meet more activists after China outcry   -3%

The German foreign minister has dismissed Chinese criticism over his meeting with Hong Kong activist Joshua Wong. He promised to continue meeting activists, saying: "That won't change in the future."

Hong Kong: Police fire rubber bullets, tear gas to scatter protesters   13%

After a peaceful march through an outlying area of Hong Kong, fresh clashes broke out between a group of activists and police. In another area, pro-Beijing residents ripped down the protest group's posters.

Hong Kong protesters personal data leaked by Russian website   1%

A website registered on a Russian domain has shared detailed personal information of dozens of Hong Kong protesters and journalists. Observers view it as another serious blow to the city's dwindling civil liberties.

'Hit-and-run': Hong Kong braces for fresh protests after night of violence   30%

Demonstrators vow to use "hit-and-run tactics" while targeting Hong Kong's airport in a fresh wave of protests on Sunday.

As Hong Kong protests cross 100 days, 10 ways to ensure an end to youth anger  

With protests in Hong Kong crossing 100 days, “one country, two systems” has undergone a trial by fire. Youth passion and idealism have been aroused for freedom and democracy. A protest theme song, Glory to Hong Kong, is gaining wide popularity.An ill-fated extradition bill has ignited a prairie fire, fuelled by housing unaffordability, lack of upward mobility, widening inequalities, and social injustice. Looking deeper, the anger has much to do with a perceived erosion of identity, lack of…

Budweiser offers stock at HK$27 each, handing Hong Kong a US$5 billion IPO at a time of citys unprecedented civil strife   -16%

Budweiser Brewing Company APAC has revived its stock sale with a lower valuation after disposing of its Australian brewery assets, handing Hong Kong’s stock exchange the second-largest global initial public offering (IPO) of 2019 at a time when the city is going through its worst political crisis.Budweiser, the Asia-Pacific unit of the world’s biggest beer brewer, has priced its shares at HK$27 each, at the bottom of a price range of between HK$27 and HK$30 in its US$5 billion stock offer,…

Hong Kong government spends HK$7.4 million in global advertising blitz, but PR experts question effectiveness of campaign   5%

The Hong Kong government has spent HK$7.4 million so far on a global advertising campaign aimed at reassuring foreign investors and visitors the city was still a safe bet despite months of protest chaos, raising questions as to its effectiveness.Industry experts said the official campaign had lost out to a similar drive by the protesters, who have raised more than HK$30 million since June to run multiple rounds of adverts worldwide, which they said made a greater impact.A day after the…

SFC refuses to delay new margin financing rule stock brokers say threatens their livelihoods as they struggle to survive amid protests   -25%

Hong Kong’s stock brokers have failed to convince regulators to delay a new cap on margin financing they say will lead to closures and a further fall in stock market turnover.Industry bodies representing the city’s brokerages say they will now take their opposition to the government after the Securities and Futures Commission on Monday rejected their request.The new rule, which will apply from October 4, will cap the amount of money a brokerage house can lend to its clients to trade stocks at…

Hong Kong protests: city set to tone down Chinese National Day celebrations to avoid potential chaos and embarrassment   -3%

Hong Kong is set to tone down Chinese National Day celebrations, including moving guests indoors at the traditional flag-raising ceremony on October 1, to avoid potentially chaotic disruptions by anti-government protesters who are poised to escalate their actions to embarrass Beijing.After another weekend of violence, there was strong condemnation on Monday of radical protesters who trashed MTR stations, took over shopping malls to vandalise store fronts, hurled petrol bombs, blocked roads and…

Education ministers directive on National Day flag-raising is putting Hong Kong schools in difficult position amid protests, headmasters say   -50%

A directive from Hong Kong’s education minister on campus flag-raising ceremonies marking the coming National Day has put some schools in a difficult position, according to some headmasters.They were referring to Secretary for Education Kevin Yeung Yun-hung’s remarks on Saturday that events celebrating National Day on October 1 should go ahead and schools that feared trouble should contact the authorities for advice.While some schools have considered dropping the ceremony to avoid possible…

Hong Kong protests: police deny beating man during rally and say video of incident only shows officers kicking yellow object   -3%

Hong Kong police have denied accusations they kicked a man during a rally in Yuen Long on Saturday and challenged witnesses to come forward, saying a video filmed by a local only showed officers kicking “a yellow object”.Police, who added they had seen other videos which showed no assault, were referring to the video filmed by a resident from a flat at Fung Yau Street North, which purported to show at least 20 riot police surrounding a man in a yellow vest, and one officer kicking him.Local…

Hong Kong protests: school students and residents join flash mob at shopping centre to sing popular anthem   -20%

More than 100 pupils in school uniform and local residents took part in a flash mob singing protest at a shopping centre in the Hong Kong residential district of Wong Tai Sin on Monday evening.Organised by students from five secondary schools in the area, including Wing Kwong College and CCC Rotary Secondary School, the flash mob at the Lok Fu Place mall was part of the anti-government protests sparked by a now-withdrawn extradition bill.“We’re here to fight for the five demands [of protesters]…

Hong Kong set to lead green building and flood-risk initiatives in Greater Bay Area as protests cast doubt over role   20%

Hong Kong is expected to play a leading role in driving efforts in the Greater Bay Area to make buildings more energy efficient and mitigate flood risks arising from climate change, it was revealed today.Collaboration to achieve both goals will be spearheaded by organisations based in the city, according to the Hong Kong Green Finance Association.“Hong Kong will lead the water risks and green building initiatives,” said Ma Jun, chairman of the association, on the sidelines of its annual forum…

Hong Kong police may have to open fire if protesters attempt to snatch guns, warns head of officers association   -7%

The head of Hong Kong’s biggest frontline police association has warned that officers could be forced to open fire if protesters try to snatch their guns.Lam Chi-wai, the chairman of the Junior Police Officers’ Association, said it would be “the only and necessary decision” in that instance.Last week, Lam warned of firing live ammunition at protesters who threw petrol bombs, and this time he was referring to a clash on Saturday in Tuen Mun, where an officer was attacked by several protesters…

China trade flow via Hong Kong declines as city set to report worst exports in a decade   -100%

Hong Kong’s trade promotion body said on Monday the city’s exports this year would suffer their largest decline in a decade due to the impact of the ongoing trade war between China and the United States.The Hong Kong Trade Development Council predicted that the city’s exports would shrink 4 per cent by value, the worst performance since 2009 when they plunged 12.6 per cent during the depth of the global financial crisis. The forecast marked a significant downgrading of a previous prediction…

Hong Kong woman who threw acid in shopkeepers face because he was old, fat, short and ugly sent to psychiatric hospital   -12%

A young Hong Kong woman who threw corrosive acid in a stranger’s face because she thought he was old, fat, short and ugly was on Monday sent to a psychiatric facility.Madam Justice Esther Toh Lye-ping adopted psychiatrists’ recommendation to place Ng Lai-fong, 26, in hospital for six months after her pre-sentencing reports revealed a history of mental illnesses.“It is clear … there was certainly something not quite right as far as the defendant’s attitude was concerned,” the judge said. “I…

Hong Kong was an unhappy city long before the anti-government protests divided us further   27%

It is not easy to measure happiness because, well, where would one begin? However, when we are happy, we tend to know it. And many would agree that Hong Kong is a very unhappy place these days as the city is choked by ongoing anti-government protests, and as a result, businesses have suffered in the political crossfire and society has become increasingly polarised.But even before the unrest began in June, Hong Kong was not exactly a picture of smiley faces. Some say it was because of the…

Global Times rewards journalist beaten by Hong Kong protesters  

The mainland journalist who was assaulted by anti-government protesters at Hong Kong airport in August has been awarded 100,000 yuan (US$14,000) for his “work performance” by his employer, the Chinese nationalist newspaper Global Times.Reporter Fu Guohao was seized, kicked and hit with umbrellas repeatedly by protesters on August 13, after he refused to show his press credentials and was found with a T-shirt in his backpack featuring the slogan “I love HK police”.“Fu Guohao and our other…

For some firms, Hong Kongs unrest has brought an uptick in business   5%

While Hong Kong’s recent turmoil has been detrimental to most businesses in the city, a handful are busier than ever, proving opportunity can still be found in the simmering chaos.Freddy Choo, a business director at Singapore-based real estate firm C&H Properties, says his firm has stepped up marketing in Hong Kong via social media and other online advertising, and has contacted similar companies to collaborate in anticipation of a surge in demand.The firm has budgeted a six-figure sum to…

Ex-World Bank chief Robert Zoellick says Hong Kong leaders have lost touch, warns of dangerous situation   -28%

Hong Kong’s leaders are out of touch with the people and have been slow to respond to their needs, according to former World Bank president Robert Zoellick.The former top US trade official said the city was in a “dangerous situation” and any further escalation of its violent protests could also worsen China’s tensions with the United States.“I’m very concerned that the Hong Kong government has lost touch with its public, including on issues such as housing for young people,” Zoellick said on…

Hong Kong democrat Martin Lee and Cardinal Joseph Zen say Beijing kept tabs on Catholic meeting in Portugal  

Hong Kong’s outspoken Cardinal Joseph Zen Ze-kiun and veteran democrat politician Martin Lee Chu-ming had not yet collected their luggage at Lisbon airport when they were approached by a policeman among the hundreds of tourists arriving in the Portuguese capital.“Somebody walked up to me and asked if I was Cardinal Zen. I said, ‘Not me, but him’, and pointed to Zen. Then he said he was a policeman and he was coming to protect us. So I was surprised,” said Lee, the founding chairman of Hong Kong…

Chinese state media warns violent protests threaten Hong Kong lifestyle after race meeting called off   15%

A Communist Party mouthpiece has seized on the Jockey Club’s unprecedented cancellation of a race meeting in Hong Kong this week, claiming it as evidence that “violent extremists” were causing the breakdown of society.The event at Happy Valley racecourse was called off at the last minute on Wednesday because of the threat of protests against outspoken pro-establishment lawmaker Junius Ho Kwan-yiu, whose horse was due to run. The club said it was concerned about the safety of the public, racing…

China confirms detention and release of American FedEx pilot after airgun pellets allegedly found in luggage   3%

China’s foreign ministry confirmed on Friday that an American pilot employed by US courier company FedEx was detained in the southern Chinese city of Guangzhou last week on suspicion of smuggling ammunition.The pilot was detained on September 12 at Guangzhou Baiyun International Airport on his way to Hong Kong after customs authorities found a box of 681 airgun pellets in his luggage, the ministry said. He was later released on bail.Ministry spokesman Geng Shuang said the pilot entered China…

Unmasked Hong Kong protester says from US: we want full democracy not independence but some violence is justified   35%

Exiled student activist Brian Leung Kai-ping, who shot to fame for removing his mask after storming Hong Kong’s legislature in July, said protesters were fighting not for independence but for the city’s “full democracy”. In an exclusive interview with the South China Morning Post in New York, Leung also said he supported non-violent means of protest but the use of force was “sometimes justifiable”. He said any concessions offered by Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor, such…

US House speaker Nancy Pelosi backs congressional legislation on Hong Kong   -20%

US House speaker Nancy Pelosi on Wednesday threw her support behind legislation meant to back Hong Kong’s anti-government protesters.Speaking at a news conference featuring Hong Kong activists Joshua Wong Chi-fung and Denise Ho, who testified before the Congressional-Executive Commission on China (CECC) on Tuesday, Pelosi said she would bring the Hong Kong Human Rights and Democracy Act of 2019 to a vote “as soon as possible”.The bill, which has apparently angered Beijing, is currently under…

Chinese internet users call for boycott of BNP Paribas over workers support for Hong Kong protest   1%

Internet users in China are calling for a boycott of French bank BNP Paribas after discovering that one of its employees in Hong Kong apparently supports the city’s anti-government protesters, and noticing that the company refers to Hong Kong and Taiwan as locations on its website.Since last week, China’s Twitter-like service Weibo has been flooded with accusations that the unidentified worker posted messages on Facebook calling for independence for Hong Kong. Many said the bank should take…

Hong Kong risks losing everything, including rule of law, Beijing academic says   100%

A Beijing-based expert on Hong Kong affairs has warned that the city risks “losing everything” if the unrest that has rocked it since June does not abate, adding that adherence to the rule of law remains its best hope for a solution to the crisis.If the protests go unchecked, Hong Kong’s rule of law might even be in jeopardy, Wang Zhenmin, a former director of the legal affairs at the central government’s Hong Kong liaison office, was quoted as saying on Tuesday by Xinhua.Wang, who now works as…

London Stock Exchange rejection shows Hong Kong cant make it alone   6%

The London Stock Exchange Group’s preference for Shanghai over Hong Kong as a Chinese market partner shows that the southern city cannot break away from the mainland and develop on its own, according to a Communist Party mouthpiece.In a commentary published late on Saturday, People’s Daily said that getting access to future opportunities in China depended on how well the city consistently aligned with the country’s interests.The comments came after the London bourse operator rejected Hong Kong…